News & Media

A new survey by the National Association of Realtors® found that a majority of renters say homeownership is one of their highest priorities for the future and they are thinking more about purchasing a home now than in past years. Given that information, it shouldn’t come as a surprise that the survey also found that Americans overwhelmingly believe owning a home is a good financial decision.

“Renters are increasingly recognizing the benefits of homeownership,” said Sheila Dodson, CAR Executive Director. “In addition to its many social benefits - such as providing a stable, safe environment - the financial benefits of owning a home are even more apparent to renters now. In many parts of the state it is actually cheaper to own a home than it is to rent and the selection of homes to choose from is greater. Homeownership also is one of the best ways to build financial security over the long term. In most cases,...